What is your Employer Value Proposition (EVP)?
Updated: May 24, 2020
All organisations have, consciously or otherwise, an employer brand. It's the way in which organisations differentiate themselves in the labour market, enabling them to recruit, retain and engage the right people. A strong employer value proposition helps businesses compete for the best talent and establish credibility. It should connect with an organisation’s values and must run consistently through its approach to people management.
An employer value proposition (EVP) is the unique set of benefits which an employee receives in return for the skills, attributes and experience they bring to a company.
Each new employee brings something unique to the organization, and corporate culture shapes everything from employee motivation to major decisions. Promulgating inspirational values encourages staff to feel a connection with the organization, and let them help shape the culture ensures they feel valued and involved.
The employer value proposition is what motivates and engages employees, a strong EVP will help to retain top performers and attract talented people. The CIPD characterizes this succinctly: “The value proposition describes what an organization stands for, requires and offers as an employer.”